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Asia-Pacific Spices & Herbs Market Outlook, 2028

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    Report

  • 114 Pages
  • July 2023
  • Region: Asia Pacific
  • Bonafide Research
  • ID: 5853348
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The Asia-Pacific region boasts a rich and diverse culinary heritage, deeply intertwined with the use of a vast array of spices and seasoning herbs. As a result, the Asia-Pacific spice and Seasoning herb industry has flourished, encompassing a remarkable assortment of aromatic and flavorful ingredients. This dynamic industry not only caters to the culinary traditions of the region but also plays a significant role in shaping the global spice trade and influencing international cuisines. With countries like India, China, Thailand, Indonesia, India, and Vietnam among the leading producers and exporters of spices and herbs, the Asia-Pacific region stands as a powerhouse in the global spice market. From the pungent warmth of Indian curry blends to the delicate fragrance of Thai basil, the spices and herbs of the Asia-Pacific region tantalise the taste buds and ignite the senses, making them an indispensable part of both traditional and contemporary culinary creations. The industry's growth is further driven by rising consumer awareness of the health benefits associated with certain spices, leading to increased demand for natural and functional food ingredients. As the region continues to embrace its rich culinary legacy while welcoming innovation, the Asia Pacific Spices and Seasoning Herbs industry remains a captivating journey through the diverse flavours and cultural heritage of the world's most populous continent. Manufacturers are creating functional spice blends that combine traditional herbs and spices with added health benefits. For instance, blends may include turmeric, known for its anti-inflammatory properties, or ginger, known for aiding digestion. These functional blends cater to health-conscious consumers seeking additional nutritional value from their food. Further, busy lifestyles have led to an increased demand for convenience in the kitchen. As a result, there is a growing market for pre-mixed spice blends, ready-to-use marinades, and seasoning pastes. These products save time and effort for consumers while still delivering authentic flavours.

According to the research report Asia-Pacific Spices and Seasoning Herbs Market Outlook, 2028, the Asia-Pacific Spices and Seasoning Herbs market is expected to grow at a 6.18% CAGR by 2023-28. The Asia-Pacific region is home to a diverse and rich culinary heritage, with each country having its own unique blend of spices and herbs. The deep-rooted cultural appreciation for these aromatic ingredients fuels a continuous demand for a wide range of spices and seasoning herbs. As the world becomes more interconnected, there is a growing interest in global cuisines, including Asian dishes. This trend has led to a higher demand for authentic Asian spices and herbs, driving growth in the market. Moreover, the Asia-Pacific region has a large and rapidly growing population, especially in urban areas. Urbanisation leads to changes in dietary habits, with a rising preference for convenient, pre-packaged spices and seasoning blends, boosting market demand. Several countries in the Asia-Pacific region, such as India, Indonesia, and Vietnam, are major producers and exporters of spices and herbs. The increasing demand for these products in international markets further drives the growth of the local spice and seasoning herb industry. Based on the product types, which include spices and seasoning herbs, in the Asia Pacific market, spices hold the highest market share. The Asia Pacific region boasts an impressive array of spices, including well-known spices with unique flavours. The Asia-Pacific region has well-established supply chains for spice distribution, making it easier for these products to reach various parts of the world efficiently. As the global food industry continues to expand, the demand for high-quality ingredients, including spices, is also on the rise. The Asia-Pacific region's spice producers are well-positioned to meet this increasing demand. In the future, seasoning herbs will grow at the highest CAGR rate. The popularity of pizza has indeed been on the rise in the Asia-Pacific region. As Western fast-food chains and international pizza brands have expanded their presence in Asia, pizza has become a favoured choice among consumers, particularly the younger generation. Seasoning herbs like oregano, basil, and thyme are commonly used in pizza seasoning, enhancing the flavours and authenticity of these dishes.

Based on the report, Asia Pacific Spices and Seasoning Herbs Market, there are five major countries covered in this report, including China, Japan, India, Australia, and South Korea. In Asia Pacific, India holds the second-highest market share in the region due to India's renowned diversity of spices, including turmeric, black pepper, cardamom, cumin, coriander, cloves, and many more. The country's rich biodiversity contributes to the availability of numerous unique and sought-after spices. India is a significant exporter of spices and herbs, and its exports reach numerous countries across the world. Indian spices are highly regarded for their quality, authenticity, and traditional flavours, making them popular in various international cuisines. Many Indian spices are known for their potential health benefits, such as anti-inflammatory properties (e.g., turmeric) and digestive benefits (e.g., cumin). The increasing awareness of the health benefits of these spices further boosts their demand in the market. Based on the spices segment, pepper, ginger, cinnamon, cumin, turmeric, coriander, cardamom, cloves, nutmeg, mace, Mustard powder, and others In Asia Pacific, the pepper has the highest market share; furthermore, turmeric has the second highest market share of all the spices in the region, and turmeric is an essential spice in many Asian cuisines. It is widely used in dishes across the region, including curries, stews, rice dishes, and various sauces. Its distinct flavour and vibrant yellow-orange colour make it a favourite for enhancing the taste and appearance of foods. As well, turmeric holds religious and cultural significance in several Asian countries. It is often used in religious ceremonies, weddings, and traditional rituals. In some cultures, turmeric is considered auspicious and symbolises prosperity and well-being.

The seasoning herbs market segment includes garlic, Oregano, Mint, Parsley, Rosemary, Fennel, Basil, thyme, and other herbs. In the region, garlic holds the highest market share. Different Asian countries have unique ways of using garlic in their culinary traditions. For example, Chinese cuisine often uses garlic as a base flavouring, while Korean cuisine incorporates garlic in spicy and savoury dishes like kimchi and bulgogi. Further, ginger has a significant market share in the region. Ginger is used to prepare various traditional beverages in Asia. Ginger tea (called chai in India), ginger ale, and ginger-infused drinks are popular for their soothing and refreshing qualities. Furthermore, Ginger is pickled or preserved in vinegar or sugar syrup in some Asian countries. Pickled ginger (gari) is a common accompaniment to sushi in Japanese cuisine. Nature includes the conventional and the original; in Asia and the Pacific, the original spices and seasoning herbs will grow at the highest CAGR rate. Traditional medicine systems in Asia, such as Ayurveda and Traditional Chinese Medicine (TCM), often emphasise the use of natural ingredients for their potential health benefits. This influence has contributed to the preference for spices and herbs in the natural types segment. The Asia-Pacific region has witnessed a rise in health and wellness trends, with consumers seeking functional foods and ingredients that offer health benefits. Natural spices and herbs often align with these trends, as they are perceived as healthier alternatives to artificially processed options.

meat and poultry products, Snacks and convenience foods, Soups, sauces, and dressings, bakery and confectionery, frozen products, beverages, and others are includes as the application segment. Meat and poultry products are leading the spices and seasoning herbs market, and snacks and convenience foods are also using spices and seasoning herbs in the region. Different countries in the Asia Pacific have their own unique snack cultures and preferences. By using locally popular spices and herbs, snack manufacturers can create products that resonate with specific regional tastes. Using spices and herbs allows snack manufacturers to offer flavour without relying heavily on salt, sugar, or artificial additives. This aligns with the growing consumer preference for healthier snack options. Further, consumers in the Asia-Pacific region are increasingly seeking healthier snack options. Spices and herbs that offer potential health benefits, such as antioxidant properties or digestive support, are seen as positive additions to snack products. The distribution channel includes foodservice and retail; in the Asia-Pacific region, foodservice will grow at the highest CAGR rate. The restaurant industry, including both fine dining establishments and local eateries, heavily relies on spices and seasoning herbs to create flavorful and appealing dishes. Additionally, the street food culture in many Asian countries also plays a significant role in the demand for spices and herbs in the food service sector. Catering services and event management companies in the region also contribute to the demand for spices and seasoning herbs. They use these ingredients to prepare dishes for various events, parties, weddings, and corporate functions.

Companies Covered in this Report:

McCormick & Company, Incorporated, Kerry Group plc, Cargill, Incorporated, Associated British Foods plc, Olam International Limited, Unilever plc, Sensient Technologies Corporation, Doehler Group SE, Takasago International Corporation, House Foods Corporation, ITC Limited, B&G Foods, Inc. and The DS Group.

Considered in this report

  • Geography: Asia Pacific
  • Historic year: 2017
  • Base year: 2022
  • Estimated year: 2023
  • Forecast year: 2028

Aspects covered in this report

  • Asia Pacific Spices and seasoning Herbs market Outlook with its value and forecast along with its segments
  • Country-wise Spices and seasoning Herbs market analysis
  • Various drivers and challenges
  • On-going trends and developments
  • Top profiled companies
  • Strategic recommendation

Country covered in the report:

  • China
  • Japan
  • India
  • Australia
  • South Korea

By Products Type

  • Spices
  • Herbs

By Spices Type

  • Pepper
  • Ginger
  • Cinnamon
  • Cumin
  • Turmeric
  • Coriander
  • Cardamom
  • Cloves
  • Nutmeg & mace
  • Mustard Powder
  • Others (Onion Powder, Allspice, angelica, anise, asafoetida, caraway, sesame, lovage, marjoram, saffron, sorrel, star anise, spearmint, tarragon, etc.)

By Herbs Type:

  • Garlic
  • Oregano
  • Mint
  • Parsley
  • Rosemary
  • Fennel
  • Basil
  • Thyme
  • Other herbs (bay leaves, Sage, Savoury)

By Application Type:

  • Meat & poultry products
  • Snacks & convenience food
  • Soups, sauces, and dressings
  • Bakery & confectionery
  • Frozen products
  • Beverages
  • Others (Pickles and Chutneys, Dips and Spreads, Health Supplements, Pet Food, Baby Food, etc.)

By Nature Types:

  • Conventional
  • Organic

By Sales Channel:

  • Foodservice
  • Retail

Intended audience

This report can be useful to industry consultants, manufacturers, suppliers, associations, and organisations related to the artificial lawn industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.

Table of Contents

1. Executive Summary
2. Research Methodology
2.1. Secondary Research
2.2. Primary Data Collection
2.3. Market Formation & Validation
2.4. Report Writing, Quality Check & Delivery
3. Market Structure
3.1. Market Considerate
3.2. Assumptions
3.3. Limitations
3.4. Abbreviations
3.5. Sources
3.6. Definitions
4. Economic /Demographic Snapshot
5. Global Spices and Seasoning Herbs Market Outlook
5.1. Market Size By Value
5.2. Market Share By Region
5.3. Market Size and Forecast, By Geography
5.4. Market Size and Forecast, By Products Type
5.5. Market Size and Forecast, By Spices
5.6. Market Size and Forecast, By Herbs
5.7. Market Size and Forecast, By Application
5.8. Market Size and Forecast, By Nature
5.9. Market Size and Forecast, By Distribution
6. Asia-Pacific Spices and Seasoning Herbs Market Outlook
6.1. Market Size By Value
6.2. Market Share By Country
6.3. Market Size and Forecast, By Products Type
6.4. Market Size and Forecast, By Spices
6.5. Market Size and Forecast, By Herbs
6.6. Market Size and Forecast, By Application
6.7. Market Size and Forecast, By Nature
6.8. Market Size and Forecast, By Distribution
7. Market Dynamics
7.1. Market Drivers & Opportunities
7.2. Market Restraints & Challenges
7.3. Market Trends
7.4. Covid-19 Effect
7.5. Supply chain Analysis
7.6. Policy & Regulatory Framework
7.7. Industry Experts Views
7.8. China Spices and Seasoning Herbs Market Outlook
7.8.1. Market Size By Value
7.8.2. Market Size and Forecast By Products Type
7.8.3. Market Size and Forecast By Spices
7.8.4. Market Size and Forecast By Herbs
7.8.5. Market Size and Forecast By Nature
7.8.6. Market Size and Forecast, By Distribution
7.9. Japan Spices and Seasoning Herbs Market Outlook
7.9.1. Market Size By Value
7.9.2. Market Size and Forecast By Products Type
7.9.3. Market Size and Forecast By Spices
7.9.4. Market Size and Forecast By Herbs
7.9.5. Market Size and Forecast By Nature
7.9.6. Market Size and Forecast, By Distribution
7.10. India Spices and Seasoning Herbs Market Outlook
7.10.1. Market Size By Value
7.10.2. Market Size and Forecast By Products Type
7.10.3. Market Size and Forecast By Spices
7.10.4. Market Size and Forecast By Herbs
7.10.5. Market Size and Forecast By Nature
7.10.6. Market Size and Forecast, By Distribution
7.11. Australia Spices and Seasoning Herbs Market Outlook
7.11.1. Market Size By Value
7.11.2. Market Size and Forecast By Products Type
7.11.3. Market Size and Forecast By Spices
7.11.4. Market Size and Forecast By Herbs
7.11.5. Market Size and Forecast By Nature
7.11.6. Market Size and Forecast, By Distribution
7.12. South Korea Spices and Seasoning Herbs Market Outlook
7.12.1. Market Size By Value
7.12.2. Market Size and Forecast By Products Type
7.12.3. Market Size and Forecast By Spices
7.12.4. Market Size and Forecast By Herbs
7.12.5. Market Size and Forecast By Nature
7.12.6. Market Size and Forecast, By Distribution
8. Competitive Landscape
8.1. Competitive Dashboard
8.2. Business Strategies Adopted by Key Players
8.3. Key Players Market Share Insights and Analysis, 2022
8.4. Key Players Market Positioning Matrix
8.5. Porter's Five Forces
8.6. Company Profile
8.6.1. McCormick & Company, Incorporated
8.6.1.1. Company Snapshot
8.6.1.2. Company Overview
8.6.1.3. Financial Highlights
8.6.1.4. Geographic Insights
8.6.1.5. Business Segment & Performance
8.6.1.6. Product Portfolio
8.6.1.7. Key Executives
8.6.1.8. Strategic Moves & Developments
8.6.2. Kerry Group plc
8.6.3. Cargill, Incorporated
8.6.4. Associated British Foods plc
8.6.5. Olam International Limited
8.6.6. Unilever plc
8.6.7. Sensient Technologies Corporation
8.6.8. Doehler Group SE
8.6.9. Takasago International Corporation
8.6.10. House Foods Corporation
8.6.11. ITC Limited
8.6.12. The DS Group
9. Strategic Recommendations
10. Annexure
10.1. FAQ`s
10.2. Notes
10.3. Related Reports
11. Disclaimer
List of Figures
Figure 1: Global Spices and Seasoning Herbs Market Size (USD Billion) By Region, 2022 & 2028
Figure 2: Market attractiveness Index, By Region 2028
Figure 3: Market attractiveness Index, By Segment 2028
Figure 4: Global Spices and Seasoning Herbs Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 5: Global Spices and Seasoning Herbs Market Share By Region (2022)
Figure 6: Asia-Pacific Spices and Seasoning Herbs Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 7: Asia-Pacific Spices and Seasoning Herbs Market Share By Country (2022)
Figure 8: China Spices and Seasoning Herbs Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 9: Japan Spices and Seasoning Herbs Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 10: India Spices and Seasoning Herbs Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 11: Australia Spices and Seasoning Herbs Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 12: South Korea Spices and Seasoning Herbs Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 13: Competitive Dashboard of top 5 players, 2022
Figure 14: Porter's Five Forces of Global Spices and Seasoning Herbs Market
List of Tables
Table 1: Global Spices and Seasoning Herbs Market Snapshot, By Segmentation (2022 & 2028) (in USD Billion)
Table 2: Top 10 Counties Economic Snapshot 2020
Table 3: Economic Snapshot of Other Prominent Countries 2020
Table 4: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 5: Global Spices and Seasoning Herbs Market Size and Forecast, By Products Type (2017 to 2028F) (In USD Billion)
Table 6: Global Spices and Seasoning Herbs Market Size and Forecast, By Spices (2017 to 2028F) (In USD Billion)
Table 7: Global Spices and Seasoning Herbs Market Size and Forecast, By Herbs (2017 to 2028F) (In USD Billion)
Table 8: Global Spices and Seasoning Herbs Market Size and Forecast, By Application (2017 to 2028F) (In USD Billion)
Table 9: Asia-Pacific Spices and Seasoning Herbs Market Size and Forecast, By Products Type (2017 to 2028F) (In USD Billion)
Table 10: Asia Pacific Spices and Seasoning Herbs Market Size and Forecast, By Spices (2017 to 2028F) (In USD Billion)
Table 11: Asia Pacific Spices and Seasoning Herbs Market Size and Forecast, By Herbs (2017 to 2028F) (In USD Billion)
Table 12: Asia Pacific Spices and Seasoning Herbs Market Size and Forecast, By Application (2017 to 2028F) (In USD Billion)
Table 13: Asia Pacific Spices and Seasoning Herbs Market Size and Forecast, By Nature (2017 to 2028F) (In USD Billion)
Table 14: Asia-Pacific Spices and Seasoning Herbs Market Size and Forecast, By Distribution (2017 to 2028F) (In USD Billion)
Table 15: Influencing Factors for Spices and Seasoning Herbs Market, 2022
Table 16: China Spices and Seasoning Herbs Market Size and Forecast By Products Type (2017 to 2028F) (In USD Billion)
Table 17: China Spices and Seasoning Herbs Market Size and Forecast By Spices (2017 to 2028F) (In USD Billion)
Table 18: China Spices and Seasoning Herbs Market Size and Forecast By Herbs (2017 to 2028F) (In USD Billion)
Table 19: China Spices and Seasoning Herbs Market Size and Forecast, By Nature (2017 to 2028F) (In USD Billion)
Table 20: China Spices and Seasoning Herbs Market Size and Forecast By Distribution (2017 to 2028F) (In USD Billion)
Table 21: Japan Spices and Seasoning Herbs Market Size and Forecast By Products Type (2017 to 2028F) (In USD Billion)
Table 22: Japan Spices and Seasoning Herbs Market Size and Forecast By Spices (2017 to 2028F) (In USD Billion)
Table 23: Japan Spices and Seasoning Herbs Market Size and Forecast By Herbs (2017 to 2028F) (In USD Billion)
Table 24: Japan Spices and Seasoning Herbs Market Size and Forecast, By Nature (2017 to 2028F) (In USD Billion)
Table 25: Japan Spices and Seasoning Herbs Market Size and Forecast By Distribution (2017 to 2028F) (In USD Billion)
Table 26: India Spices and Seasoning Herbs Market Size and Forecast By Products Type (2017 to 2028F) (In USD Billion)
Table 27: India Spices and Seasoning Herbs Market Size and Forecast By Spices (2017 to 2028F) (In USD Billion)
Table 28: India Spices and Seasoning Herbs Market Size and Forecast By Herbs (2017 to 2028F) (In USD Billion)
Table 29: India Spices and Seasoning Herbs Market Size and Forecast, By Nature (2017 to 2028F) (In USD Billion)
Table 30: India Spices and Seasoning Herbs Market Size and Forecast By Distribution (2017 to 2028F) (In USD Billion)
Table 31: Australia Spices and Seasoning Herbs Market Size and Forecast By Products Type (2017 to 2028F) (In USD Billion)
Table 32: Australia Spices and Seasoning Herbs Market Size and Forecast By Spices (2017 to 2028F) (In USD Billion)
Table 33: Australia Spices and Seasoning Herbs Market Size and Forecast By Herbs (2017 to 2028F) (In USD Billion)
Table 34: Australia Spices and Seasoning Herbs Market Size and Forecast, By Nature (2017 to 2028F) (In USD Billion)
Table 35: Australia Spices and Seasoning Herbs Market Size and Forecast By Distribution (2017 to 2028F) (In USD Billion)
Table 36: South Korea Spices and Seasoning Herbs Market Size and Forecast By Products Type (2017 to 2028F) (In USD Billion)
Table 37: South Korea Spices and Seasoning Herbs Market Size and Forecast By Spices (2017 to 2028F) (In USD Billion)
Table 38: South Korea Spices and Seasoning Herbs Market Size and Forecast By Herbs (2017 to 2028F) (In USD Billion)
Table 39: South Korea Spices and Seasoning Herbs Market Size and Forecast, By Nature (2017 to 2028F) (In USD Billion)
Table 40: South Korea Spices and Seasoning Herbs Market Size and Forecast By Distribution (2017 to 2028F) (In USD Billion)